Global entryway furniture market is anticipated to witness an exponential growth in the forecast period. Entryway furniture is usually located at the front entrance of a house. Factors such as growing urbanization, rising disposable income, rising awareness among costumer, technological innovation, increasing governments’ investment in infrastructure development, increasing trend of interior designing, changing lifestyle are likely to drive the market in the forthcoming period.
On the other hand, high maintenance and installation cost are anticipated to hinder the market growth in the future. However, a variety of material and are accessible in different designs is likely to create lucrative opportunities for the market. Entryway furniture market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Entryway furniture market could be explored by type, material type, application, distribution channel, and geography. Market by type could span entryway (chair, table, bench), hall tree, Cloakroom, console sofa and table, cabinets and chests, Hat stand Seats convertible into beds, Seats with wooden frames, Seats with metal frames, storage benches, shoe storage, wall mirror, hallway shelving, and floating shelf.
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Based on the material type, the entryway furniture market could span Plastic, Wood, Metal, and Others (Leather, Glass, and Rubber). The “Wood” segment accounted for a prominent share in the market. The key factors that may be attributed to the growth of the market include for making premium and unique furniture products and increasing demand. A wood segment is followed by Glass segment.
The key applications that could be explored in the market include Commercial and household. The “Household” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors attributed to the growth of the market include increasing demand, rising disposable income, growing urbanization, rising consciousness among customer
Entryway furniture industry by distribution channel comprises Online and Offline. The “Online” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.
North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as eco-friendly furniture products and increasing popularity of multi-functional, increasing disposable income, and technological innovations. North America is followed by Asia-Pacific region owing to the high demand for the living room, growing industrialization, increasing disposable income, increasing demand, and high-profile investment in the real-estate segment.
Leading Key players operating in the entryway furniture market include comprise Worldwide Home furnishings, Simpli Home, Home Sullivan, International Concepts, Prepac, Home Styles, Linon Home Décor, Venetian Worldwide, ZUO, Martha Stewart Living, Mega Home and Monarch Specialties. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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